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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 47,718 $ 82,003
Accounts receivable, trade 811 691
Inventories 3,213 2,307
Prepaid expenses (of $1,188 and $695 as of June 30, 2015 and December 31, 2014, respectively) and other assets 1,337 845
Restricted cash, current 600 600
Total current assets 53,679 86,446
FIXED ASSETS:    
Vessels 370,296 333,078
Accumulated depreciation (32,937) (26,984)
Vessels' net book value 337,359 306,094
Property and equipment, net 1,044 1,089
Total fixed assets 338,403 307,183
OTHER NON-CURRENT ASSETS:    
Deferred charges, net 2,176 0
Restricted cash, non-current 9,270 9,270
Prepaid charter revenue 7,882 6,364
Total Assets 411,410 409,263
CURRENT LIABILITIES:    
Current portion of long-term bank debt, net of unamortized deferred financing costs 5,804 5,804
Accounts payable, trade and other 3,225 1,807
Due to related parties, current 133 136
Accrued liabilities 746 1,052
Deferred revenue, current 675 491
Total current liabilities 10,583 9,290
Long-term portion of bank debt, net of unamortized deferred financing costs 92,591 92,494
Related party financing, non-current 51,181 50,867
Other liabilities, non-current 171 169
Commitments and contingencies 0 0
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized, none issued 0 0
Common stock, $0.01 par value; 500,000,000 shares authorized; 73,890,581 and 73,158,991 issued and outstanding as at June 30, 2015 and December 31, 2014, respectively 739 731
Additional paid-in capital 372,611 372,197
Other comprehensive loss (68) (68)
Accumulated deficit (116,398) (116,417)
Total stockholders' equity 256,884 256,443
Total liabilities and stockholders' equity $ 411,410 $ 409,263